🏠The Assumable Guy

Loan Comparison: 5.22% vs 6.5%

408 Olympia, Longmont, CO 80504 · 3bd/3ba · $550,000

List Price
$550,000
Assumable Rate
5.22%
Remaining Balance
$529,174
Equity Gap
$21,587
Loan Type
VA

No Secondary Financing Needed

The equity gap on this property ($21,587) is less than 5% of the purchase price ($27,500). Your down payment covers the full gap with no second mortgage required.

Down Payment
$21,587
Effective Rate
5.22%
vs Conventional
6.5%

Monthly Payment Comparison

New Conventional @ 6.5%
$3,303/mo
Assumable @ 5.22%
$2,912/mo
$390less per month with the assumable

Your Savings on This Property

408 Olympia, Longmont · 5.22% VA vs 6.5% conventional

$390
per month
$4,683
per year
$140,494
over 30 years
$147,168
interest saved
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